#SouthKoreaCryptoPolicy South Korea Shakes the Crypto World! Are You Ready for Chaos or Glory in 2025?
South Korea, the birthplace of the "Kimchi Premium" and where one in three people is already playing with cryptocurrencies, is turning the world upside down with new rules that will change how we use $BTC, $ETH, and even the new star $WCT. If you know nothing about crypto, no worries, I'll explain it simply: Seoul is gearing up for a revolution that could make you earn (or lose) money. What’s coming in 2025? Grab your coffee and read!
Crypto Taxes: Your Pocket Will Feel It (2028)
What’s happening: Starting January 2028, if you earn more than ₩50M (~$36K) with your cryptos, the government will charge you a 20% tax (plus a 2% local tax).
In plain terms: If you sell $BTC o $ETH and make a good amount, get ready to share with the tax authorities. But if your profits are small, you’re exempt.
Why it matters: Korea has 16 million crypto users (a third of the country!). This could cool down the local market, but it will also make prices of $BTC more stable on Binance.
Goodbye to tax-free gains! How will the Korean tax affect $BTC?
